Energy News
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Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
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A debate at London city council surrounding an already pulled back curfew on gas-powered lawn and gardening equipment boiled over Tuesday afternoon. The civic works committee proposed holding a public meeting on the idea of a curfew on the use of gas-powered lawn and garden equipment from 6 p.m. to 8 a.m. The bylaw currently prohibits the use of all ...
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GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
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WTI Crude Oil trades below 200-day simple moving average, Phil Streible has more.
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As a highly versatile energy carrier with exceptional energy density, hydrogen has the potential to play a critical role in the energy transition. Interest in hydrogen is rapidly moving from debate and aspiration to energy transition planning and policy. So, what do you need to know about the how the hydrogen economy is shaping up? Our hydrogen analysts ...
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OPEC+ agreed on Sunday to extend most of its oil output cuts well into 2025 amid tepid demand growth, rising U.S. production and high interest rates. OPEC+ is currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand, including 3.66 million bpd of cuts previously set to expire at the end of 2024, and voluntary ...
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Economies across the Middle East and Central Asia are more affected by conflicts—even a decade after a severe conflict, their income per capita remains about 10 percent lower. The ...
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The upward trend in global stock markets continues, with the S&P and Nasdaq hitting new record highs yesterday. Momentum continues as US data starts to weaken over the past week, ...
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Gaza's government media office said on Thursday that at least 27 people were killed and dozens injured in an Israeli attack in Nuseirat, as one of Gaza's few functioning hospitals ...
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Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation's purchasing and supply executives in the ...
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video Natural gas further traces out a bull pennant trend continuation pattern on Wednesday, as it traded inside Tuesday’s trading range. This pattern is forming on support of both the 20-Day MA and 200-Day MAs. The range of the pennant is tightening as natural gas gets closer to the apex of the pattern on June 17. This means that a bullish breakout or ...
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With a solid US ISM services PMI print and rate cut from the Bank of Canada (BoC) helping to fuel the soft-landing narrative, the rout in WTI crude oil reversed on Wednesday, delivering a bullish technical pattern that points to the potential of further gains ahead. WTI squeezes on improved demand outlook Having plunged 10% in five sessions, marking a ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...